Re-Appointment of Mr. Shashi Kishore Jain(00443861) for second consecutive term of 5 years as Non- Executive Independent Director of the Company.
GFLLIMITED · price
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GFL Limited's Board meeting on May 29, 2026 approved multiple items including audited financial results and director reappointment. Mr. Shashi Kishore Jain, with over 50 years of experience including roles in telecom cable industry and industrial gases manufacturing, has been reappointed for a second consecutive 5-year term (May 30, 2026 to May 29, 2031) as Non-Executive Independent Director, subject to shareholder approval via postal ballot. Standalone FY26 results show total income of Rs. 368 lakhs and profit after tax of Rs. 163 lakhs, recovering from a loss of Rs. 3,403 lakhs in FY25 (due to Rs. 3,558 lakhs deferred tax charge). Consolidated FY26 results show strong turnaround with net profit of Rs. 4,502 lakhs versus loss of Rs. 7,559 lakhs, driven significantly by share of profit from associate PVR INOX Limited (Rs. 5,073 lakhs). Internal auditors M/s. Shanti Prashad & Co. were also reappointed for FY26-27.
The director reappointment maintains board stability and independence with a seasoned professional. Strong consolidated profitability recovery and positive cash generation (operating cash flow of Rs. 41 lakhs) are positive indicators for shareholders.